Grande Payouts on the Horizon: Unveiling the Exhilarating F1 Prize Money Figures for the Post-2023 Season!

Grande Payouts on the Horizon: Unveiling the Exhilarating F1 Prize Money Figures for the Post-2023 Season!

P1racenews AI automatic summary:


There are millions of pounds at stake in the F1 constructors’ championship.

In the Formula 1 Concorde Agreement, 50% of the profit from commercial rights is given as prize money to the 10 teams. However, this 50% is not evenly distributed. Ferrari is believed to receive an additional sum due to their historical significance in the sport, and Formula One Management also takes a larger share if the overall amount exceeds a certain threshold. Teams also receive bonuses for past championship wins, which can account for 25% of their earnings. The remaining 25% is then divided among the teams based on their finishing position in the constructors’ championship. The estimated earnings per place in the championship, based on an overall pot of $1 billion, are as follows: 1st place: $140m, 2nd place: $131m, 3rd place: $122m, 4th place: $113m, 5th place: $104m, 6th place: $95m, 7th place: $87m, 8th place: $78m, 9th place: $69m, 10th place: $60m.

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